Welcome!

@CloudExpo Authors: Elizabeth White, Yeshim Deniz, Zakia Bouachraoui, Pat Romanski, Liz McMillan

News Feed Item

Financial Institution Deploys 97 Expand Networks Accelerators in 72 Hours & Achieves 8 Month ROI

Expand Networks www.expand.com, the leader in optimizing WANs for branch office consolidation and virtualization, today announced that FinComún, the leading Mexican community-based financial institution, is set to achieve six figure cost savings by optimizing its current network infrastructure and renewing its RoI with Expand Networks’ WAN Optimization technology.

Deployed and supported by trusted IT partner and telecommunications specialist, [email protected], Expand Networks’ Accelerators are bridging the proximity gap between Fin Comun’s branch office employees and their centralized applications and datacenter services, increasing productivity, customer satisfaction and generating savings across the business by reducing time in line for customers, and making the credit period shorter and more efficient. All of which is reflected in better customer service, lower cost for customers and more personalized attention.

[email protected] met challenging implementation requirements, installing Expand Accelerators in 80 branches in the metropolitan area in just 24 hours and finalized the deployment across 6 states in a total of 72 hours. Now in place, the Accelerators are using low latency, byte-level caching techniques that work on all applications to consistently deliver average Virtual bandwidth increases 1400% across the organization. With this level of optimization, accelerating applications to over 7000%, FinComún has no need to upgrade or increase its Internet payment for the next five years.

Following a competitive tender, FinComún chose [email protected] and Expand Networks for the combination of superior technology, high level technical support and cost-efficiency. Expand Networks was chosen over competitive products from Riverbed, Blue Coat, Cisco and Juniper. Adolfo Quiroz, IT Manager explains, “The Expand solution provided the best technical performance for accelerating our critical applications and [email protected] provided a highly-professional team of engineers. On top of this, the solution offered a return on investment of just 8.5 months, meaning the technology would practically pay for itself.”

FinComún is widely recognized as Mexico’s premier micro-finance institution and a pioneer in the use of technology, the testing of new ideas and innovative partnerships. As a company with philanthropic origins, maximizing efficiency via cutting edge technology has been a cornerstone of Fincomún’s continued success. Adolfo Quiroz explains;

“It’s vital that branch productivity is optimal because that's where our customers open new accounts and generate payments and loans. All customer procedures that are in the branches are directly related to the main datacenter at headquarters, and we found 128 kbps connections for our branch offices was simply not sufficient. Offering community-based financial services through personalized treatment, modern technology and low transaction costs, is a big part of our mission statement. Committed to retaining low operating costs alongside the highest service levels in this way, Expand provided us with a solution that was both performance oriented and cost-effective.”

Adam Davison, Corporate VP of Sales and Marketing at Expand Networks, concludes, “The cost savings on extending network investment are significant. This is a great demonstration of how Expand's virtual proximity experience can make a real difference to an organization’s bottom line. Through delivering virtual bandwidth, the productivity levels provided to FinComún are translating directly into more contracts, reduced credit period, more flexibility in payments and services and ultimately, satisfied customers, all contributing toward its mission to offer community financial services that will help to resolve the structural causes of poverty in the region.”

-ends-

To find out more about the NWPG deployment, go to: www.expand.com/fincomuncs

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

CloudEXPO Stories
While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.
Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web. With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support. Leading global enterprises use Isomorphic technology to reduce costs and improve productivity, developing & deploying sophisticated business applications with unprecedented ease and simplicity.
DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].
Darktrace is the world's leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace's Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal' for all devices and users, updating its understanding as the environment changes.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.